Addition made u/s69 of Income Tax Act towards Purchase and Sale of Shares without Sufficient Evidence: ITAT Directs Re-adjudication [Read Order]

By Shabna Rahim - On November 22, 2023 12:30 pm - 2 mins read
without Sufficient Evidence - ITAT Directs Re-adjudication - Re-adjudication - ITAT Directs - Tax News - Purchase And Sale Of Share Updates - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) directed the Assessing Officer (AO) for re-adjudication of additions made under section 69 of the Income Tax Act,1961 towards the purchase and sale of shares without sufficient evidence.  Devang Jitendra Mashru, the appellant assessee was an individual. For Assessing the Year 2010-11, the assessee did…

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